Capsule Endoscopy Market Size & Growth Analysis to 2030

The global capsule endoscopy market size is expected to experience a significant CAGR of around 9% during the forecast period and was valued at around USD 500 million in 2021. The rising prevalence of chronic diseases such as cancer and gastrointestinal tract and the growing demand for minimally invasive diagnostic procedures are some of the prominent factors to drive the market growth. The growing gastrointestinal disorders such as Crohn’s disease, inflammatory bowel disease, and colorectal cancer are expected to fuel the market growth. Furthermore, technological advancement in endoscopy, the growing geriatric population globally, and the increasing expenditure on healthcare are further anticipated to boost the market growth over the forecast period.

Market Drivers:

Advancements in endoscopic technologies: Continuous advancements in endoscopic technologies, including miniaturization of cameras, improvements in image quality, and battery life, have led to the development of capsule endoscopy as a non-invasive and patient-friendly diagnostic tool. These technological advancements have enhanced the performance and usability of capsule endoscopy systems, driving their adoption in various medical specialties.

Increasing prevalence of gastrointestinal disorders: Gastrointestinal disorders, such as gastrointestinal bleeding, inflammatory bowel disease (IBD), Crohn’s disease, and colorectal cancer, are prevalent worldwide. Capsule endoscopy provides a non-invasive and comprehensive visualization of the gastrointestinal tract, allowing for the detection and diagnosis of these disorders. The increasing prevalence of gastrointestinal disorders drives the demand for capsule endoscopy as an effective diagnostic tool.

Growing demand for early and accurate diagnosis: Early detection and accurate diagnosis of gastrointestinal disorders are crucial for effective treatment and improved patient outcomes. Capsule endoscopy enables the visualization of the entire small intestine, which is not easily accessible with traditional endoscopy techniques. The ability to detect abnormalities and lesions in the small intestine early contributes to the growing demand for capsule endoscopy.

Patient preference for minimally invasive procedures: Capsule endoscopy offers a minimally invasive alternative to conventional endoscopy procedures, such as colonoscopy and upper endoscopy. The procedure involves swallowing a small capsule that contains a camera, which then captures images as it travels through the gastrointestinal tract. Patients often prefer capsule endoscopy due to its non-invasive nature, minimal discomfort, and avoidance of sedation or anesthesia.

Technological advancements in wireless communication and battery life: Wireless communication technologies, such as radio frequency and Bluetooth, have improved data transmission capabilities in capsule endoscopy systems. These advancements enable real-time transmission of images and video footage from the capsule to external recording devices. Additionally, improvements in battery life allow for longer recording durations, enabling better examination of the gastrointestinal tract. The technological advancements in wireless communication and battery life contribute to the adoption of capsule endoscopy.

Aging population and associated gastrointestinal disorders: The global population is aging, leading to an increased prevalence of age-related gastrointestinal disorders, such as gastrointestinal bleeding, polyps, and tumors. Capsule endoscopy is particularly beneficial for older adults who may be at higher risk for complications associated with traditional endoscopic procedures. The aging population and the associated rise in gastrointestinal disorders drive the demand for capsule endoscopy.

Advantages in pediatric applications: Capsule endoscopy is also used in pediatric applications for the diagnosis of gastrointestinal disorders in children. The non-invasive nature of capsule endoscopy makes it a suitable option for pediatric patients who may find conventional endoscopic procedures challenging or uncomfortable. The demand for capsule endoscopy in pediatric applications contributes to market growth.

Increasing healthcare expenditure and investment in healthcare infrastructure: The global healthcare expenditure continues to rise, with increased investment in healthcare infrastructure, including diagnostic facilities and advanced medical devices. Capsule endoscopy systems are being integrated into healthcare facilities, including hospitals and specialty clinics, to provide advanced diagnostic capabilities. The investment in healthcare infrastructure and the focus on improving diagnostic capabilities drive the adoption of capsule endoscopy.

Market Snapshot:

Market Insights:

The endoscopes segment is expected to dominate the market over the forecast period

The global capsule endoscopy market is bifurcated into product, type, application, end-use, and geography. On the basis of product, the market is further segmented into endoscopes and systems sub-segment. The endoscopes segment dominated the global market in 2021 and is expected to register the highest growth rate over the forecast period. The ability to diagnose of complex health conditions such as cancer and gastrointestinal disorders is a major factor to drive the segment growth. The segment is further sub-segmented into the small bowel, esophageal, and colon. Furthermore, the increasing demand for endoscopes to diagnose various diseases such as OGIB (obscure GI tract bleeding), inflammatory bowel disease, and Crohn’s disease is further anticipated to fuel the segment growth over the forecast period.

By application, the OGIB segment held the largest revenue share of the market in 2021

On the basis of application, the market is segmented into OGIB (obscure GI tract bleeding), Crohn’s disease, small intestine tumor, and others. The OGIB segment dominated the global capsule endoscopy market in 2021 and is expected to maintain its dominance over the forecast period. The increasing use of the product in the diagnosis of OGIB due to its advantages such as real-time visualization, analysis of the entire small intestine, and image capturing is a major factor to drive the segment growth. Furthermore, the shifting preference toward capsule-based endoscopy for screening of obscure gastrointestinal bleeding is further anticipated to fuel the segment growth over the forecast period.

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The capsule endoscopy comprehensive study analyzes industry trends, market size, competitive analysis, and market forecast – 2022 to 2028. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The capsule endoscopy market research report presents the analysis of each segment from 2019 to 2028 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.

Historical & Forecast Period

• 2019-20 – Historical Year
• 2021 – Base Year
• 2022-2028 – Forecast Period

Market Segmentation:

By Product:

• Endoscopes
  • Small Bowel
  • Esophageal
  • Colon
• Systems

By Type:

• Cystoscopies
• Neuro-Endoscopes

By Application:

• OGIB (Obscure Gi Tract Bleeding)
• Crohn’s Disease
• Small Intestine Tumor
• Others

By End-Use:

• Hospitals
• Ambulatory Surgery Centers
• Others

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Regional Analysis:

Geographically, North America dominated the global capsule endoscopy market in 2021 and is expected to grow at the same trend over the forecast period. The increasing adoption of technology for the diagnosis of various diseases and the increasing demand for minimally invasive diagnostic procedures are some of the major factors to drive the market growth in the region. Furthermore, the growing geriatric population and the availability of well-structured healthcare infrastructure are further anticipated to fuel the market in North America. Moreover, the increasing awareness regarding the early detection of diseases such as cancer and gastrointestinal disorders is projected to propel the market over the forecast period.

Competitive Assessment:

Some of the major market players operating in the global capsule endoscopy market are Medtronic Plc, IntroMedic, Co. Ltd., Olympus Corporation, Chongqing Jinshan Science & Technology (Group) Co., Ltd., and CapsoVision. Companies are exploring markets through expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

Key Companies:

• Medtronic Plc
• IntroMedic, Co. Ltd.
• Olympus Corporation
• Chongqing Jinshan Science & Technology (Group) Co., Ltd.
• CapsoVision
• RF System lab
• AccuRead Endoscopy
• Fujifilm Holding Corporation
• JINSHAN Science & Technology

Key Questions Answered by Capsule Endoscopy Market Report

• Global capsule endoscopy market forecasts from 2022-2028
• Regional market forecasts from 2022-2028 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
• Country-level forecasts from 2022-2028 covering 15 major countries from the regions as mentioned above
• Capsule endoscopy submarket forecasts from 2022-2028 covering the market by product, by type, by application, by end-use, and geography
• Various industry models such as SWOT analysis, Value Chain Analysis about the market
• Analysis of the key factors driving and restraining the growth of the global, regional, and country-level capsule endoscopy markets from 2022-2028
• Competitive Landscape and market positioning of top 10 players operating in the market